February 14, 2019
Net income in the final quarter ended Dec. 31 was €15.7 million ($17.8 mm) against €2.2 million on an 18% improvement in revenues to €1,226.4 million ($1,386.6 mm) from €1,040.2 million.
Net income increased six fold to $25,169,000 from $3,974,000 in the final quarter as YETI’s booming direct-to-consumer business accelerated revenues 19% higher to $241,179,000 from $202,099,000.
Net income increased by 64% to C$103.4 million ($79.8 mm) from C$63.0 million in fiscal Q3 ended Dec. 31, as revenues increased 50% to C$399.3 million ($308.1 mm) from C$265.9 million.
Revenues at Canadian Tire’s SportChek unit, formerly called FGL Sports, increased 2% to C$469.0 million ($361.9 mm) from C$461.8 million in the retailer’s largest quarter, including 1.8% comp store sales growth.
SRG’s Outdoor segment saw sales jump 17% to A$348.5 million ($260.3 mm) from A$299.1 million in the fiscal first half ended Dec. 29, including a A$51.4 million contribution from the Macpac acquisition.
Prime Time Sports in Colorado Springs ended its relationship with the Eager Beavertons in Sep. when they made Colin Kaepernick the face of a new advertising campaign, but now owner Steve Martin says he can no longer afford to pay his rent and will close down.
In separate filings that ran to hundreds of pages including letters from character witnesses, former Adidas exec Jim Gatto, consultant Merl Code and sports agent Christian Dawkins asked U.S. District Court Judge Lewis Kaplan for probation at their upcoming Mar. 5 sentencing.
Retail, merchandising, apparel & product licensing revenue for the fiscal second quarter ended Dec. 31 was down 2% to £25.6 million ($34.1 mm) from £26.0 million, but sponsorship revenue increased 3% to £40.3 million ($53.7 mm) from £39.3 million.
The Seattle-based outdoor accessories company hired Keegan to lead the company and also contribute to IR’s marketing and product development team.
Adjusted sales for sporting goods/hobby/book and music stores finished the year with a double-digit decline, dropping 13% to $6,001 million in Dec. from $6,899 million last year, according to Commerce Dept. data.